Data-driven billing verification for maximum business health
A PRGX Billing Compliance Audit recovers lost profits while identifying opportunities to unlock incremental value over the long-term, through a low touch, data-driven cross-validation of contract terms against purchase, receipt and invoice line-items.
A PRGX Billing Compliance Audit recovers lost profits while identifying opportunities to unlock incremental value over the long-term, through a low touch, data-driven cross-validation of contract terms against purchase, receipt and invoice line-items.
A comprehensive approach with whole business health benefits
Low touch, quick results
A low-level of client effort and no formal supplier announcement means we ensure you’re receiving the full benefits of your careful negotiations, while minimizing disruption and protecting relationships.
Healthier margins
Funded by the recovery opportunities discovered — ranging from .25% to 1% — we’ll address your purchase-related commercial terms to return profit to the bottom line and identify future cost savings.
Preventive insights
Our detailed root-cause analysis delivers actionable insights and recommendations for preventing profit leakage with more robust processes.
What’s in a Billing Compliance Audit?
| Elements | Billing Compliance Audit |
|---|---|
| Data Audited - Primary | Client |
| Targeted Suppliers | Quality in-house line-term data exists - Typically, direct spend |
| Annual Supplier Coverage | Typically, 50 to 100+ |
| Testing Focus | Pricing, rebates, allowances |
| Range of Recoveries | .25% to 1% |
| Formally Announced Audit | Never |
| Supplier Interaction | Limited |
| Client Involvement | Lighter touch |
| Pricing Structure | Annual program |
Detailed comparisons of purchase orders and invoice line-items ensure fundamental terms and conditions are being met. And broad-based analysis of all commercial elements contained within contracts, including pricing, rebates and allowances, leaves no benefit unrealized.
PRGX delivers a streamlined, data-driven billing verification process with minimal supplier impact.
Download our PDF to learn moreWhy work with PRGX?
Advanced technology meets global experience
Our proprietary technology minimizes disruption to your business, processing sensitive data and maximizing the use of information for prevention and profit recovery. This technology enables our experienced auditors to turn insights into valuable opportunities for the whole business, fast.
An industry leader, for 50 years and counting
An industry leader with a track record spanning 50 years, we’ll do the heavy lifting on behalf of your procurement team to deep-dive on billing compliance and deliver actionable insights other providers might miss. The resulting recommendations will enable your organization to recover profits and reap the long-term health benefits of stronger processes.
Top Billing Compliance FAQs
What audit categories do you focus on?
What does PRGX need to execute a billing compliance audit?
What impact does this have on relationships?
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What is a billing compliance audit?
Supplier Contract Audit: achieve maximum value with this complementary contract audit
A Supplier Contract Audit is a complementary contract compliance methodology that examines supplier data and documents, to identify risk and discrepancies in complex, high-spend contracts. Combine it with a Billing Compliance Audit to guarantee supplier contract compliance across your organization.
Learn more about Supplier Contract Audits.
